Avary Holding (Shenzhen) Co., Limited 2025Annual Report Chairman of the Board：Charles Shen 2026.03 2025Annual Report Section I Important Notice, Table of Contents and Definitions The Board of Directors, directors and senior management of the Company hereby warrant that the contents of this Annual Report are true, accurate and complete, without any false records, misleading statements or material omissions, and assume individual and joint and several legal liability therefor. Charles Shen, the person in charge of the Company, Xiao Dewang, the person in charge of accounting work, and Xiao Dewang, the head of the accounting department (accounting supervisor), hereby declare that they guarantee the truthfulness, accuracy and completeness of the financial report contained in this Annual Report.All directors attended the Board of Directors meeting at which this Report was reviewed. Forward-looking statements in this Report regarding future plans and other matters do not constitute substantive commitments by the Company to investors. Investors and relevant parties should maintain an adequate awareness of risks and understand the difference between plans, forecasts and commitments. There are no material risk factors affecting the Company’s production, operations, financial condition or sustained profitability. The Company has specifically described the risk factors it may face and corresponding countermeasures in this Annual Report. Investors are advised to refer to “Section III Management Discussion and Analysis—XI. Outlook for the Company’s Future Development—(III) Risks and Countermeasures”. The profit distribution proposal reviewed and approved by the Board is: based on 2,317,536,658 shares, a cash dividend of RMB 10 (inclusive of tax) per10 shares will be distributed to all shareholders,with no bonus shares (inclusive of tax) and no capitalization of capital reserves into share capital. THIS ISATRANSLATION OFTHE 2025ANNUALREPORT (THE "ANNUALREPORT") OFAVARY HOLDING (SHENZHEN) CO,. LIMITED (THE "COMPANY"). THIS TRANSLATION IS INTENDED FOR REFERENCE ONLY AND NOTHING ELSE, THE COMPANY HEREBY DISCLAIMS ANY AND ALL LIABILITIES WHATSOEVER FOR THE TRANSLATION. THE CHINESE TEXT OF THE ANNUAL REPORT SHALL GOVERN ANY AND ALL MATTERS RELATED TO THE INTERPRETATION OFTHE SUBJECT MATTER STATED HEREIN. Table of Contents Section I Important Notice, Table of Contents and Definitions...... 2 Section II Company Profile and Key Financial Indicators ...... 7 Section III Management Discussion and Analysis ......11 Section IV Corporate Governance, Environmental and Social Responsibility...... 50 Section Ⅴ Important Matters ...... 83 Section VI Changes in Shares and Shareholders ...... 109 Section VII Matters Relating to Bonds......119 Section VIII Financial Statements ...... 120 DocumentsAvailable for Inspection I. Financial statements bearing the signatures and seals of the legal representative, the person in charge of accounting work (Chief Financial Officer), and the head of the accounting department of the Company. II. Original audit report bearing the seal of the accounting firm and the signatures and seals of the certified public accountants. III. Originals of all company documents and announcements publicly disclosed on the website designated by the China Securities Regulatory Commission during the reporting period. Definitions Definition Term Refers Definition to Avary Holding, the refers Avary Holding (Shenzhen) Co., Limited Company, this to Company Mayco/Controlling refers Mayco Industrial Limited Shareholder to Pacific Fair refers Pacific Fair International Limited International to Zhen Ding/Indirect refers Zhen Ding Technology Holding Limited (4958.TW) Controlling to Shareholder Hon Hai Group refers Hon Ha